Financial Reform in the U.S.

The Dodd-Frank Act represents the most far-reaching changes to the U.S. regulatory landscape in more than 70 years. This landmark bill, which established new rules for governing virtually every sector of the financial system, will broadly impact DTCC and our clients for many years to come. DTCC Government Relations works closely with Members of Congress, Congressional committees and the regulatory community to share our unique expertise and to promote policies that ensure efficient, liquid and robust financial markets. We are also advocates for policies that mitigate systemic risk and enhance transparency, including:

Ensuring a global data set for over-the-counter (OTC) derivatives and engaging with policymakers and the industry to support data standards globally

Promoting data sharing among regulators globally by addressing the unintended consequences of the Dodd-Frank indemnification provisions

Supporting efforts to expand information sharing between the public and private sectors to protect critical infrastructure from cyber attack

Encouraging global use of Legal Entity Identifiers (LEIs) to increase transparency and risk mitigation in the financial markets